Knaus Tabbert AG Sees Profitability Increase in Q1 Report

First Berlin Equity Research GmbH has released a new research update on Knaus Tabbert AG, maintaining a "Buy" recommendation with a target price of €22. In their latest quarterly report, Knaus Tabbert AG showed a notable rise in profitability. The adjusted EBITDA margin reached 6.3%, fitting well within the 2026 guidance range of 5.0% to 7.0%.

The report highlights that after a year spent focusing on balance sheet recovery and refining sales channels, Knaus Tabbert AG is now turning its efforts towards enhancing earnings power. The first quarter suggests promising progress with improved profitability ensuring strong cash flow, allowing net debt to reduce to €284 million.

Despite the positive start, the analysts are maintaining conservative earnings forecasts. The company's stock continues to hold a "Buy" rating, reflecting an 80% upside potential at the target price of €22.